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Business Segment Reporting
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Business Segment Reporting
21. Business Segment Reporting

Upon consummation of the Merger with Nationstar, the Company has identified four reportable segments: Servicing, Originations, Xome and Corporate and other. The Company’s segments are based upon the Company’s organizational structure which focuses primarily on the services offered. Corporate functional expenses are allocated to individual segments based on actual cost of services performed based on a direct resource utilization, estimate of percentage use for shared services or headcount percentage for certain functions. Facility costs are allocated to individual segments based on cost per headcount for specific facilities utilized. Group insurance costs are allocated to individual segments based on global cost per headcount. Non-allocated corporate expenses include the administrative costs of executive management and other corporate functions that are not directly attributable to our operating segments. Revenues generated on inter-segment services performed are valued based on similar services provided to external parties.
The following tables present financial information by segment. 
 
Successor
 
For the Period August 1 - December 31, 2018
 
Servicing
 
Originations
 
Xome
 
Eliminations
 
Total Operating
Segments
 
Corporate and Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Service related, net
$
236

 
$
24

 
$
177

 
$
(19
)
 
$
418

 
$
—

 
$
418

Net gain on mortgage loans held for sale
—

 
157

 
—

 
19

 
176

 
—

 
176

Total revenues
236

 
181

 
177

 
—

 
594

 
—

 
594

Total expenses
303

 
155

 
178

 
—

 
636

 
71

 
707

Other income (expenses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
222

 
27

 
—

 
—

 
249

 
7

 
256

Interest expense
(173
)
 
(26
)
 
(1
)
 
—

 
(200
)
 
(93
)
 
(293
)
Other income
6

 
5

 
1

 
—

 
12

 
1

 
13

Total other income (expenses), net
55

 
6

 
—

 
—

 
61

 
(85
)
 
(24
)
Income (loss) before income tax expense (benefit)
$
(12
)
 
$
32

 
$
(1
)
 
$
—

 
$
19

 
$
(156
)
 
$
(137
)
Depreciation and amortization for property and equipment and intangible assets
$
9

 
$
5

 
$
5

 
$
—

 
$
19

 
$
20

 
$
39

Total assets
$
13,485

 
$
4,866

 
$
493

 
$
(3,772
)
 
$
15,072

 
$
1,901

 
$
16,973


 
Predecessor
 
For the Period January 1 - July 31, 2018
 
Servicing
 
Originations
 
Xome
 
Eliminations
 
Total Operating
Segments
 
Corporate and Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Service related, net
$
740

 
$
36

 
$
149

 
$
(25
)
 
$
900

 
$
1

 
$
901

Net gain on mortgage loans held for sale
—

 
270

 
—

 
25

 
295

 
—

 
295

Total revenues
740

 
306

 
149

 
—

 
1,195

 
1

 
1,196

Total expenses
474

 
245

 
123

 
—

 
842

 
103

 
945

Other income (expenses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
288

 
38

 
—

 
—

 
326

 
7

 
333

Interest expense
(268
)
 
(37
)
 
—

 
—

 
(305
)
 
(83
)
 
(388
)
Other income (expense)
(1
)
 
—

 
9

 
—

 
8

 
(2
)
 
6

Total other income (expenses), net
19

 
1

 
9

 
—

 
29

 
(78
)
 
(49
)
Income (loss) before income tax expense (benefit)
$
285

 
$
62

 
$
35

 
$
—

 
$
382

 
$
(180
)
 
$
202

Depreciation and amortization for property and equipment and intangible assets
$
15

 
$
7

 
$
7

 
$
—

 
$
29

 
$
4

 
$
33

Total assets
$
14,578

 
$
4,701

 
$
425

 
$
(3,591
)
 
$
16,113

 
$
913

 
$
17,026

 
 
Predecessor
 
Year Ended December 31, 2017
 
Servicing
 
Originations
 
Xome
 
Eliminations
 
Total Operating
Segments
 
Corporate and Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Service related, net
$
766

 
$
63

 
$
291

 
$
(79
)
 
$
1,041

 
$
2

 
$
1,043

Net gain on mortgage loans held for sale
—

 
528

 
—

 
79

 
607

 
—

 
607

Total revenues
766

 
591

 
291

 
—

 
1,648

 
2

 
1,650

Total expenses
691

 
439

 
247

 
—

 
1,377

 
98

 
1,475

Other income (expenses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
527

 
55

 
—

 
—

 
582

 
15

 
597

Interest expense
(523
)
 
(54
)
 
—

 
—

 
(577
)
 
(154
)
 
(731
)
Other income (expense)
(3
)
 
—

 
9

 
—

 
6

 
(3
)
 
3

Total other income (expenses), net
1

 
1

 
9

 
—

 
11

 
(142
)
 
(131
)
Income (loss) before income tax expense (benefit)
$
76

 
$
153

 
$
53

 
$
—

 
$
282

 
$
(238
)
 
$
44

Depreciation and amortization for property and equipment and intangible assets
$
23

 
$
10

 
$
14

 
$
—

 
$
47

 
$
12

 
$
59

Total assets
$
15,006

 
$
4,935

 
$
393

 
$
(3,117
)
 
$
17,217

 
$
819

 
$
18,036


 
Predecessor
 
Year Ended December 31, 2016
 
Servicing
 
Originations
 
Xome
 
Eliminations
 
Total Operating
Segments
 
Corporate and Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
Service related, net
$
753

 
$
63

 
$
423

 
$
(118
)
 
$
1,121

 
$
1

 
$
1,122

Net gain on mortgage loans held for sale
—

 
675

 
—

 
118

 
793

 
—

 
793

Total revenues
753

 
738

 
423

 
—

 
1,914

 
1

 
1,915

Total expenses
634

 
527

 
354

 
—

 
1,515

 
129

 
1,644

Other income (expenses):
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
347

 
63

 
—

 
—

 
410

 
15

 
425

Interest expense
(442
)
 
(58
)
 
—

 
—

 
(500
)
 
(165
)
 
(665
)
Other expense
—

 
(1
)
 
—

 
—

 
(1
)
 
(1
)
 
(2
)
Total other income (expenses), net
(95
)
 
4

 
—

 
—

 
(91
)
 
(151
)
 
(242
)
Income (loss) before income tax expense (benefit)
$
24

 
$
215

 
$
69

 
$
—

 
$
308

 
$
(279
)
 
$
29

Depreciation and amortization for property and equipment and intangible assets
$
23

 
$
11

 
$
21

 
$
—

 
$
55

 
$
8

 
$
63

Total assets
$
16,189

 
$
4,563

 
$
349

 
$
(2,448
)
 
$
18,653

 
$
940

 
$
19,593